What is a crypto protocol? - Crypto in Plain English - Episode 267 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it6 Okt 2022

What is a crypto protocol? - Crypto in Plain English - Episode 267 - by cryptohunt.it

What is a crypto protocol?

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Often, you hear the terms blockchain and protocol used interchangeably - but they are really something different.

Welcome to today’s episode, where we’ll explain what a protocol actually is!

A protocol is the actual program, the computer code, that determines how a blockchain operates at its core.

Think of it like the laws of physics in our real world. We all do vastly different things all day long, but we can’t break those laws.

Or like the rules of a sports game. Baseball has its own set of rules, or protocol, so does Volleyball. These games can only be played within their respective restrictions.

The same goes for blockchains. Bitcoin has its own protocol, so does Ethereum. Not unlike cricket and baseball, they operate similar in many regards, but also very differently in others.

And that is the difference between a blockchain and a protocol! We’ll see you next time! And until then, why don’t you take a free course on Cryptohunt.it. We just released a new one called “How people generate passive income with crypto”.

And remember, This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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